Business News Releases

Extension of HomeBuilder will maximise its historic success

THOUSANDS of people can now be sure that they will receive HomeBuilder grants with the Federal Government’s extension of the construction start date.

Master Builders Australia ceo Denita Wawn said, “The scale of the HomeBuilder success - more than 120,000 HomeBuilder applications have created huge pressure on the supply chain with Master Builders Australia’s survey of the industry showing that 70 percent of builders are being hit by delays and cost increases for key trades and building products.

“This also created the risk that thousands of HomeBuilder applicants could miss out on the grants because builders could not meet the construction start date requirements.

“Thanks to this move by the Federal Government, thousands of HomeBuilder applicants around the country can now breathe a huge sigh of relief,” Ms Wawn said.

“This will help builders and tradies maximise and manage the extraordinary success of HomeBuilder.  

“The Federal Government showed strong leadership to introduce HomeBuilder when Covid lockdowns meant thousands of builders and tradies faced a valley of death with no forward work,” Ms Wawn said.

“Thanks to HomeBuilder those businesses and jobs were saved. It’s been one of the most effective government interventions ever."

www.masterbuilders.com.au

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Release of the mental health and suicide prevention interim report

YESTERDAY the House Select Committee on Mental Health and Suicide Prevention released its interim report.

The committee’s interim report includes an update on the committee’s activities to date, and emerging themes identified through recent reports into Australia’s mental health system and engagement with the Productivity Commission, National Mental Health Commission and Department of Health.

Chair of the committee,Fiona Martin MP, said, "The interim report provides a snapshot of the breadth of work underway on mental health and suicide prevention. It also identifies some areas that the committee feels need further examination as the inquiry progresses.

"These areas include the divide between public and private mental healthcare, coordination and funding of mental health services, affordability, the growth of telehealth and digital services in response to COVID-19, and the role of professional bodies in advocating for, regulating and supporting the workforce."

 

Moving into the second phase of the inquiry, the committee will hold a series of public hearings with a range of organisations, from public and private mental health service providers to organisations representing consumers and carers, professional and peak bodies, and researchers.

The dates and locations of public hearings will be published on the inquiry website.

The interim report can be accessed on the committee’s website.

The final report of the committee is due to be presented by November 1, 2021.

The committee is unable to intervene or provide advice in relation to individual circumstances. 

Lifeline Australia 13 11 14
Suicide Call Back 1300 659 467
Kids Help Line 1800 551 800
BeyondBlue 1300 224 636
eheadspace 1800 650 890

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Ombudsman welcomes proposed franchising reforms, hefty fines 

THE Australian Small Business and Family Enterprise Ombudsman Bruce Billson has welcomed the government’s proposed reforms to the Franchising Code of Conduct, including changes specific to the automotive industry.

Under the proposed amendments to franchising laws, big businesses will face penalties of up to $10 million for wilful, egregious and systemic breaches of their obligations under the Franchising Code.

The suite of reforms seeks to specifically mitigate the power imbalance between multinational car manufacturers and Australian dealers.

“These proposed changes represent significant progress and once passed, will go a long way to levelling the playing field in the automotive franchising sector,” Mr Billson said.

”They will ensure that franchise-like arrangements where dealers are operating as the car-maker’s new vehicle sales agent still benefit from the Franchising Code protections.

“The changes that apply to the automotive industry are welcome as is the government’s commitment to continue working with the automotive franchising sector to examine unfair contract terms in their agreements," Mr Billson said.

“A mandatory best practice framework will help address the ongoing issue of multinational car manufacturers who fail to follow the current voluntary principles.  Examples of small car dealers being devastated by the actions of multinational manufacturers in recent years has warranted this action.

“Higher fines for significant breaches of the Franchising Code will act as a big stick that will force the larger players to think twice before acting unfairly towards their franchisees.

“We also welcome the government’s interest in exploring arbitration to provide small businesses with access to binding and right-sized dispute resolution pathways that are less costly and faster than going through the court system – a theme pursued in our Access to Justice report," he said.

“My office looks forward to seeing the detail of this announcement and has been pleased to see the bipartisan support for the much-needed reforms to the franchising sector.     

“I continue to encourage franchisees who believe they have been unfairly treated by a franchisor or are engaged in a franchise dispute to contact my office for assistance.”

www.asbfeo.gov.au

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Big Four banks grilled by House Economics Committee this Thursday and Friday

WITH THE AUSTRALIAN comeback underway, executives from Australia’s four major banks will appear before the House Economics Committee at public hearings on Thursday and Friday this week to discuss their response to the pandemic, the direction of the housing market, small business lending, and their progress implementing the Hayne Royal Commission recommendations.

Chair of the House of Representatives Economics Committee, Tim Wilson MP, said, "With the phasing out of taxpayer-funded COVID-19 support and mortgage deferrals, we are keen to hear what the initial data is showing on the recovery of the economy and household balance sheets.

"Surging property prices, fuelled by historically low interest rates, have left many Australian first home buyers high and dry. Many young families are forced to save larger deposits while also paying increasingly higher rents. The committee will discuss the role of banks in empowering hard-working Australians to purchase property and invest in their future," Mr Wilson said.

The hearings will also examine the four major banks’ progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

"It is disappointing that compliance issues regarding unconscionable conduct and misrepresentations over fees continue to come to light," Mr Wilson said. "These behaviours erode the community’s trust in financial institutions.

"These hearings give the committee an opportunity to follow up on how they can be prevented in the future so that the industry can regain the community’s trust," Mr Wilson said.

For more information about the hearings, or to read transcripts from previous hearings, you can visit the committee’s website.

Public hearing details

Date: Thursday, 15 April 2021
Time: 9.15am to 4.15pm
Witnesses: CBA, Westpac

Date: Friday, 16 April 2021
Time: 9.15am to 4.15pm
Witnesses: NAB, ANZ

Due to health and safety concerns relating to the COVID-19 pandemic, this hearing is not currently scheduled to be open for public attendance. Interested members of the public will be able to view proceedings via the live webcast at aph.gov.au/live.

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Public hearing on Myanmar set for April 13

THE Foreign Affairs and Aid Subcommittee of the Joint Standing Committee on Foreign Affairs, Defence and Trade will hold a public hearing on Tuesday April 13 in Canberra to examine recent worrying developments in Myanmar in greater depth, and to hear from concerned sectors of Australian society about the troubling direction Myanmar has taken since the military coup of February 1.

Chair of the subcommittee, Dave Sharma MP, said, “More than 60 individuals and organisations responded to our call for expressions of interest to participate in the public hearing. There is clearly a high degree of community concern within Australia about the escalating violence and rising death toll in Myanmar, and the increasingly inhumane behaviour of the military leadership there."

Deputy Chair Julian Hill MP said,"The response from across the community has been overwhelming. On Tuesday the subcommittee will hear from individuals and organisations part of the Myanmar diaspora and community, government departments, and other experts.”

The program has been published on the Committee’s website.

The public hearing is being held with limited numbers in a controlled and COVID safe manner. The hearing will be broadcast, and can be viewed through the APH website.

Public hearing details

Date: Tuesday 13 April 2021
Time: 9.30am to 4pm AEST
Location: Main Committee Room, Parliament House, Canberra

9.30am: Open
9.30am–10.30am: Government Departments
10.45am–12.30pm: Diaspora, community groups and individuals
1.15pm–2.30pm: Experts, academics and NGOs
2.40pm–4pm: Experts, academics and NGOs
4pm: Close

The hearing will be broadcast live at aph.gov.au/live.

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